The pair had
with United States equities, with the S&P 500 particularly in focus as it set its largest intraday decline since June 2020. Drama over Tesla, which was removed from the index amid ongoing controversy, fuelled the poor performance. The firm's CEO, Elon Musk, publicly rebuked those behind the decision, which appeared tied to adherence to so-called Environmental, Social and Governance criteria..Tesla is also invested in Bitcoin, the most powerful “S” holding one can have, something that boosts financial powers for tens of millions of people worldwide under authoritarian regimes and emerging markets
So Tesla esg fallout has affected stocks, didnt know that one stock could affect them all.
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Cathie Wood has a simple response to Tesla getting booted out of an S&P 500 ESG index: ‘Ridiculous’Ark Investment founder Cathie Wood isn’t pleased about EV-maker Tesla Inc. being excluded from the S&P 500 ESG Index. Yeah, because she'll lose money 😂😂 Cathy Wood and her 'investment' approach is ridiculous.
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Tesla removed from S&P 500's ESG index; Musk respondsFactors that contributed to Tesla's lower score include its lack of 'low carbon energy and codes of business conduct.' In other words....not supporting the 'official narrative'...a political hit job. Not that this 'ESG Index' means a whole lot...bunch of virtue signalling, nothing more.
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Elon Musk Goes On The Attack After Tesla Cut From S&P ESG IndexThe world’s leading maker of electric vehicles has been cut from S&P’s index for environmentally conscious investors due to flaws in its business conduct and, ironically, low-carbon strategy. alanohnsman Exxon is in, but Telsa out? Kind of reminds me when Saudi Arabia was included in the UN's Human Rights Commission. alanohnsman What happens in a 2nd fed tightening folks....auto industry gets sold off...and Tesla is not in energy sector, tech sector, it´s in consumer cyclical. It´s not really any science or art, to know it was far too risky, exploding on stimulus while people locked at home on youtube
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